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Whitecap Resources Inc T.WCP

Alternate Symbol(s):  SPGYF

Whitecap Resources Inc. is an oil-weighted growth company. The Company is engaged in the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its core areas include the West Division and East Division. Its West Division is comprised of three regions: Smoky, Kaybob and Peace River Arch (PRA). The properties in its Smoky region include Kakwa and Resthaven, all located in Northwest Alberta. The primary reservoir being developed is the Montney resource play, mainly comprised of condensate-rich natural gas. Kaybob is located in the Fox Creek region of Northwest Alberta. The primary reservoir being developed is the Duvernay resource play, mainly comprised of condensate-rich natural gas. The PRA is its original asset area. Its East Division is comprised of four regions: Central AB, West Sask, East Sask and Weyburn. Its Central Alberta region represents the bulk of its Cardium and liquids-rich Mannville assets.


TSX:WCP - Post by User

Comment by 1970Craigon Aug 29, 2022 8:39pm
299 Views
Post# 34928386

RE:Coming into September

RE:Coming into September

Specially RIGHT !  Lol.  

   100% percent agree with your logic !  

What you said about " we could drop a dollar or two ".  Is the best and easiest way to describe the risk / reward with a stock that is profitable with debt reduction - full dividend pay out up to $ 50 dollars , and can maintain dividend this for $40 and next $45 WTI - BOE     

   So 1 or $2 dollars down ...... witch would bring massive support so it would not stay down long if it ever actually did drop a full $2 dollars. 

  However that downside with a dividend that is mega secure , likely rising nicely even in a middle of the row price scenario for WTI.  

   And compare that to the 6 to even 10 dollar upside.  

   This is a very comfy place to enter or add.   Things seem to be shaping up nicely with the re-set on stock valuations , and then a re-set on WTI , and at what I think is the beginning of a small recovery in oil prices , we will rise nicely from here , and here begins at $10 plus dollars this time.  Re-sets are nice.   Let's see how this plays out.!!
  Hopefully my grammar is a little better. Funny I don't drink , so no excuse other than you can't fix stupid !!!!  Lol. 


   Love your posts !!  Ps ........ I am feeling this way about this sector but honestly I might exit in 3 months.  I don't know.  I feel very strongly about the next 2 or 3 months.  After that I don't have a clue , for me it could be something else I want to invest in ?  With rates climbing , there might be a super sweet property deal come around.  Like what o saw my parents go through in the early 80's !!

   We will see, I am hyper cautious for sure. It's weird times ! 

Craig 

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